OECD Economic Surveys [electronic resource].
Publishing, OECD.
Paris : Organisation for Economic Co-operation and Development,
2012.
OECD's 2012 survey of Turkey's economy examines recent economic developments, policies, and prospects and takes a more detailed look at real exchange rates and competitiveness and structural reforms and growth.
Description based upon print version of record.
Table of contents; Executive summary; Key policy recommendations; Assessment and recommendations; Turkey's vigorous post-crisis recovery has drawn heavily on foreign saving; Figure 1. Turkey's performance has been strong, but imbalances have emerged; Figure 2. Strong employment performance; Figure 3. Private demand has been fuelled by credit; Figure 4. External competitiveness affected performance; The macroeconomic outlook appears relatively favourable, with risks on both sides; Table 1. Short-term economic outlook; Putting growth on a more balanced path
Figure 5. Public and private saving and investmentMonetary policy; Figure 6. Inflation since 2001; Figure 7. Inflation and monetary policy; Box 1. Monetary policy recommendations; Fiscal policy; Figure 8. Fiscal performance remains robust; Box 2. Fiscal policy recommendations; Financial sector policies; Figure 9. Capital adequacy is high but EMBI spreads have increased; Box 3. Financial policy recommendations; Future growth performance will be shaped by structural policy choices; Table 2. Long-term growth scenarios; Reforming labour markets and advancing formalisation
Figure 10. The structure of employment is still weakFigure 11. Labour productivity and degree of formalisation in selected sectors; Box 4. Labour market and formalisation recommendations; Strengthening human capital; Box 5. Recommendations on human capital development; Social cohesion policies; Figure 12. Income distribution has improved but challenges remain; Box 6. Social policy recommendations; Furthering product market reforms; Figure 13. Electricity prices in industry remain high; Box 7. Recommendations on product market competition
Quality of life: the case of air pollutants and greenhouse gas emissionsFigure 14. Greenhouse gas emissions are low but have strongly increased despite high implicit carbon prices; Box 8. Recommendations on greenhouse gas emissions and air quality; Bibliography; Annex A1.Past OECD recommendations on Turkey's structural reform priorities and related national actions and plans; Chapter 1.Tackling external and domestic macroeconomic imbalances; Bringing down the current account deficit and financing it better; Figure 1.1. Turkey's current account deficit has reached unprecedented levels
Box 1.1. Current account imbalances: international experience and theoretical considerationsKey features of Turkey's current account developments; Figure 1.2. Current account developments; Accumulated competitiveness losses led to a marked worsening of the trade balance; Figure 1.3. Trade developments; Figure 1.4. Sectoral export margins; Private domestic saving needs to be strengthened; Figure 1.5. Drivers of the saving-investment gap; Box 1.2. Investment incentives; The financing structure of the current account weakened after the crisis
Figure 1.6. The financing of the current account has worsened after the crisis
OECD's 2012 survey of Turkey's economy examines recent economic developments, policies, and prospects and takes a more detailed look at real exchange rates and competitiveness and structural reforms and growth.
Turkey -- Economic conditions -- 1960- -- Periodicals.
Turkey -- Economic conditions.
Turkey -- Economic policy -- Periodicals.
Turkey.